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Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

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First Ever Russian LNG Cargo Arrives In The U.S.

Gaselys

The Gaselys tanker carrying the first LNG cargo produced by Russia’s first LNG facility in Yamal has arrived in Boston, the U.S. Coast Guard told Sputnik.

Bloomberg on Friday reported the tanker was sitting outside Boston Harbor and had been for several days, undergoing a safety inspection. Its destination was French Engie’s import terminal. This was the first LNG cargo from anywhere other than Trinidad and Tobago to arrive at a U.S. port in three years, Bloomberg noted.

The first cargo of Novatek’s Yamal LNG was initially loaded on the Christophe de Margerie tanker by French Total, which shipped it to Britain where it was transferred to the Gaselys. Engie told Bloomberg that it had bought the cargo on the spot market early this month as it tackles stronger LNG demand in New England because of the harsh winter weather.

French cargo trackers Kpler report that a second Russian LNG cargo is due to arrive in the U.S. around mid-February. The second cargo is due to sail from Dunkirk in France and will also go to New England where pipeline capacity is insufficient in satisfying the current levels of demand.

This second cargo Engie bought even before winter season began in anticipation of the spike, as supply from Trinidad would not be enough to meet it and gas pipeline capacity remained limited. Related: Elon Musk Could Go Unpaid For A Decade

Yamal LNG, the US$27-billion project in the Arctic and Russia’s first in LNG, is majority owned by Novatek in partnership with French Total. It began operations in early December 2017 and the first cargo, of 170,000 cubic meters, was shipped on December 11.

U.S. Sanctions against the Russian energy industry made financing the project more difficult since Novatek is one of their targets, but they do not cover shipments of Russian gas to the United States, sanctions experts told the Washington Post.

By Irina Slav for Oilprice.com

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  • GREG FOREMAN on January 30 2018 said:
    QUESTION? Why couldn't LNG be purchased from US sources and transported to the northeast?
    Granted, the distribution system in the US northeast needs improvement and expansion, however, that can't ignore the fact that we have an LNG terminal on the Gulf coast that could transport the needed LNG to the Northeast US.
    What is equally preposterous is an LNG export facility in Dominion Point, Maryland, leading to the following rationalization. We don't have the pipeline capacity to meet US northeast demands, but that same pipeline system can provide LNG for export to be shipped around the world.
    Go figure! The importing of natural gas, when the US reserves are at historical highs is blight on the US market-plain and simple.
  • It doesn't add up... on January 30 2018 said:
    ANSWER: The Jones Act prohibits coastwise movements in the US unless by a US built, flagged, crewed and operated vessel. There are no US LNG carriers. In fact, the Gaselys loaded a cargo out of Sabine Pass, La, on 29th November, which it discharged at Grain, UK on 30th December. The gas it backloaded at Grain during its stay until 7th January could well include some of that gas, and may include no Russian gas at all - only those who operate the tank valves at Grain know. Oddly, straight after it completed its stay at Grain, it was followed by the Methane Kari Elin with a cargo from Trinidad: why that cargo did not go to Boston instead is a mystery. Grain sent out as much gas as it received during the visit of the Christophe de Margerie from Yamal, ahead of the arrival of the Gaselys. Probably that was to make space for the Gaselys cargo, and probably the gas sent out was not from Yamal.

    (in case you don't like links, comment repeated minus link to chart of activity at Grain)
  • NickSJ on January 30 2018 said:
    So consumers in the northeast are paying for high priced imported LNG because their Democrat/enviro masters won't permit expansion of pipelines to carry low cost American gas to where it's needed. Since the MSM suppresses this kind of information, fools keep voting for the people who cause these problems.
  • carlos vinicus' on February 11 2018 said:
    welcome to america Russia fellow...hehehehe

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